NSE: BANKINDIA · 15 October 2026
- Bank of India shares declined 3.54% during the trading session, settling at ₹129.72 after opening at ₹133.00.
- Bank of India announced that a Non-Performing Asset account tied to Future Enterprise Ltd. with an outstanding amount and provision held of ₹575.40 crore has been classified as fraud. The disclosure was submitted to the stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations.
- Trading volume was 0.62 times the 20-day average daily volume.
Why is Bank Of India share price falling on 15 October 2026?
Bank of India shares declined 3.54% during the trading session, settling at ₹129.72 after opening at ₹133.00.
The broader market showed positive momentum as the Nifty advanced 0.71%. Over the short and medium term, Bank of India has experienced negative price trends, logging a 5-day return of -1.99% and a 20-day return of -5.87%, reflecting ongoing consolidation relative to broader index movements.
On the corporate front, the bank recently updated regulatory authorities on October 12, 2026, regarding a Non-Performing Asset account associated with Future Enterprise Ltd., involving an outstanding amount and provision held of ₹575.40 crore each, which has been classified as fraud. Additionally, the bank revised its Repo Based Lending Rate to 8.35% effective October 7, 2026, following the Reserve Bank of India's benchmark repo rate upward revision to 5.50%. Furthermore, provisional business figures for the quarter ended September 30, 2026, highlighted global business reaching ₹21,07,018 crore with a year-on-year growth of 21.07%.
39.51 lakh shares traded by 15 October 2026 · 09:45 AM IST. This compares with a 20-day average daily volume of 63.77 lakh shares (0.62 times). The five-day average daily volume was 71.99 lakh shares. Separately, the NSE report for 14 October 2026 showed 37.34 lakh shares delivered, representing 40.20% of that day’s traded volume. The same report recorded 46,984 trades.
The 3.54% drop coincides with the bank's recent disclosure classifying a ₹575.40 crore NPA account as fraud, alongside weaker short-term return trends despite steady provisional business growth figures.
Latest Company Developments
Bank of India announced that a Non-Performing Asset account tied to Future Enterprise Ltd. with an outstanding amount and provision held of ₹575.40 crore has been classified as fraud. The disclosure was submitted to the stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations.
Disclosing large NPA fraud classifications highlights ongoing asset quality resolutions and provisioning impacts for the bank.
The bank revised its Repo Based Lending Rate to 8.35% with immediate effect following the Reserve Bank of India's upward revision in the repo rate to 5.50%. The markup remained unchanged at 2.85%, lifting the effective rate from 8.10% to 8.35%.
Changes in benchmark lending rates directly influence the bank's asset pricing and borrowing costs across loan portfolios.
Bank of India released its provisional business figures for the period ended September 30, 2026, reporting global business of ₹21,07,018 crore, marking a 21.07% year-on-year growth. Global deposits grew 21.60% year-on-year to ₹11,37,618 crore while global gross advances increased 20.43% to ₹9,57,924 crore.
Provisional business updates provide early visibility into credit expansion and deposit mobilization before formal financial results are declared.
Union Bank of India shares drop 5% post Q1 business update, global business decline marginally on quarterl.
Schedule of Non-deal Roadshow with respect to fund raising through EMTN Program.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 4.12% on 30 September 2026. This compares with 4.13% on 30 June 2026, a change of -0.01 percentage points.
The filing reported 35 MF/UTI holders.
Research & Brokerage Views
Short-term technical and fundamental positioning highlighted by desk analysts.
What to Watch Next
- Follow-up disclosures on recovery and resolution progress for the Future Enterprise Ltd NPA account.
- Execution and margin trends following the adjustment in the Repo Based Lending Rate to 8.35%.
- Upcoming formal financial results review by statutory central auditors for Q2 FY27 provisional numbers.
- Delivery volume patterns relative to the 20-day average volume benchmark of 3,950,579 shares.
Other Dated Coverage
- Bank Of India Share Price Today: Why BANKINDIA Is Falling 0.01% | 14 October 2026 — 14 October 2026
- Bank of India in Focus After Declaring Future Enterprise Account Fraud | 13 October 2026 — 13 October 2026
- Bank of India in Focus After Raising Repo Based Lending Rate to 8.35% | 8 October 2026 — 8 October 2026
More Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of India company news?
Bank of India announced that a Non-Performing Asset account tied to Future Enterprise Ltd. with an outstanding amount and provision held of ₹575.40 crore has been classified as fraud. The disclosure was submitted to the stock exchanges in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations.
How strong was Bank Of India’s trading volume?
39.51 lakh shares traded, 0.62 times the 20-day average daily volume. The price and volume data are dated 15 October 2026 · 09:45 AM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.